Category: Resources

The Wall Street Journal covers Berkshire Hathaway’s large cash hoard and discusses some reasons for why the company hasn’t deployed it yet. It also touches on Buffett’s views around stock…

Brad Gerstner explains how to analyze stock-based compensation and stock buybacks. Disclaimer: Meb Faber is the co-founder and chief investment officer at Cambria Investment Management. Due to industry regulations, he…

Professor Aswath Damodaran discussed Meta’s decision to start paying dividends and how that relates to his research on the corporate life cycle. Disclaimer: Meb Faber is the co-founder and chief…

Blog post: Taking a deeper dive into shareholder yield. “For centuries, dividends have served as the staple mechanism for returning cash to shareholders when companies had no better use for…

Research paper from Michael Mauboussin and Dan Callahan on Equity Issuance and Retirement. The Morgan Stanley report “Which One Is It? Equity Issuance and Retirement” examines the practice of companies…

Michael Mauboussin explains how stock buybacks & share issuance impact investors & companies. Disclaimer: Meb Faber is the co-founder and chief investment officer at Cambria Investment Management. Due to industry…

Bill Gurley and Brad Gerstner had legendary Priceline/Booking CFO Bob Mylod onto the BG2 Pod last week and did an hour long deep-dive into stock-based compensation. They covered the history of SBC in the late 90s, FAS…

Yardeni buyback charts refer to the visual representation of data on corporate stock buybacks. Disclosure: Certain information contained herein has been obtained from third-party sources and such information has not…

Thomas Reiner discusses dilution and stock-based compensation concerning analyzing and measuring dilution at public companies in this email newsletter. The article “Tech Company Dilution: Finding Ground Truth” from Platform Aeronaut…

Investors and politicians focus exclusively on buybacks. But they’re often just the exhaust. It’s helpful to understand stock based compensation and share issuance, and this is a great discussion with…